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M10-8 (Algo) Computing the Price of a Bond Issued at a Premium LO10-5 Waterhouse Company plans to issue bonds with a face value of $505,000
M10-8 (Algo) Computing the Price of a Bond Issued at a Premium LO10-5 Waterhouse Company plans to issue bonds with a face value of $505,000 and a coupon rate of 8 percent. The bonds will mature in 10 years and pay interest semiannually every June 30 and December 31 . All of the bonds are soid on January 1 of this yeat (FY of 3 t, EV of 51, EVA or 51, and PVA of \$1) Note: Use appropriote factor(s) from the tables provided. Alound your final answer to nearest whole dollar. Determine the issuance price of the bonds assuming an annual market rate of interest of 6 percent
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